Gurgling springs inc is a bottler of natural spring water

Reference no: EM13373932

Gurgling Springs, Inc. Is a bottler of natural spring water distributed throughout New England states.Five-gallon containers of GSI spring water are regionally promoted and distributed through grocery chains.Operating experience during the past year suggests the following demand function for its spring water:

Q=250- 100P + 0.01 POP +0.21 +0.3A

Where Q is quantity in thousands of five-gallon containers, P is price ($), Pop is population, I isdisposable income per capita ($), and A is advertising expenditures ($).

A.) Determine the demand curve faced by CPI in a typical market where P= $4, Pop= 40,000 persons, I=$3,000 and A=$ 4,000.Show demand curve with quantity expressed as a function of price, and price expressed as a function of quantity.

B.) Calculate the quantity demanded at prices of $5, $4, and $3

C.) Calculate the prices necessary to sell 1,250, 1,500 and 1,750 thousand s of five gallon containers.

Reference no: EM13373932

Questions Cloud

Last week wallys burgers inc reduced the average price on : last week wallys burgers inc. reduced the average price on the frac12-pound papa burger by 1.in response sales jumped

Devise concept questions to check student understanding of : devise concept questions to check student understanding of the sentences. write 3 or 4 questions to each sentence. make

Z-best pizza recently decided to raise its regular price on : z-best pizza recently decided to raise its regular price on large pizzas from9 to 12 following increases in costs of

The essay question is herewrite an essay in which you : the essay question is herewrite an essay in which you discuss a central theme to our exploration of race and ethnicity

Gurgling springs inc is a bottler of natural spring water : gurgling springs inc. is a bottler of natural spring water distributed throughout new england states.five-gallon

How will being able to communicate more effectively help : how will being able to communicate more effectively help you in your everyday life? provide at least one specific

Commercial recording inc is a manufacturer and distributor : commercial recording inc. is a manufacturer and distributor of reel to reel recording decks for commercial recording

1question why does a business need to understand : 1.question why does a business need to understand elasticity of demand?2. the schedule below is for beer pricequantity

I want to define youth as a consecutive of challenging when : i want to define youth as a consecutive of challenging. when i was young i believed it it true passion when i saw the

User Account

All Pages